FDIC Certificate #: 29067 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Bank (#6784) Federal Reserve ID: 892175 Date Established: July 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2855 FDIC's unique #: 41901 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: January 14, 1935 Last Structure Change Effective Date: October 17, 1998 Last Structure Change Process Date: November 05, 1998 Last Data Update: November 05, 1998 Data Source Date: April 05, 2012
Location
Address: 21 Twelfth Street, Wheeling, WV 26003 County: Ohio Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Scott Depot Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Wheeling, WV-OH (#9000) Core Based Statistical Area (CBSA): Wheeling, WV-OH (#48540) CBSA Metro Statistical Area: Wheeling, WV-OH (#48540)
Financial Summary
Total assets: $362.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
134Total employees (full-time equivalent)
$362,908Total assets
$7,935Cash and due from depository institutions
$4,869Interest-bearing balances
$174,091Securities
$0Federal funds sold & reverse repurchase agreements
$166,088Net loans & leases
$1,481Loan loss allowance
$0Trading account assets
$6,533Bank premises and fixed assets
$14Other real estate owned
$1,710Goodwill and other intangibles
$0Life insurance assets
$6,537All other assets
$362,908Total liabilities and capital
$325,815Total liabilities
$259,552Total deposits
$250,769Interest-bearing deposits
$259,552Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$65,096Other borrowed funds
$0Subordinated debt
$1,167All other liabilities
$37,093Total equity capital
$37,093Total bank equity capital
$37,093Perpetual preferred stock
$0Common stock
$1Surplus
$12,411Undivided profits
Memoranda
$24,681Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,309Earning assets
$0Long-term assets (5+ years)
$1,299Average Assets, year-to-date
$345,048Average Assets, quarterly
$0Volatile liabilities
$350,001Insider loans
$358,502FHLB advances
$99,598Loans and leases held for sale
$3,728Unused loan commitments
$65,096Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,096Total unused commitments
$0Restructured Loans and leases
$150,158Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$25,355Total interest income
$14,062Total interest expense
$11,293Net interest income
$160Provision for loan and lease losses
$780Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$780Additional noninterest income
$6,831Total noninterest expense
$3,908Salaries and employee benefits
$1,429Premises and equipment expense
$1,494Additional noninterest expense
$5,082Pre-tax net operating income
$14Securities gains (losses)
$1,835Applicable income taxes
$3,261Income before extraordinary items
$0Extraordinary gains - net
$3,261Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$116Sale, conversion, retirement of capital stock, net
$2,750Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.61%Yield on earning assets
4.22%Cost of funding earning assets
3.39%Net interest margin
0.23%Noninterest income to earning assets
2.05%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.46%Pretax return on assets
8.91%Return on equity (ROE)
1.40%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
137.93%Credit loss provision to net charge-offs
45.19%Efficiency ratio
54,419Assets per employee
2.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.33%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
113.14%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.78%Net loans and leases to deposits
63.99%Net loans and leases to core deposits
73.80%Equity capital to assets
10.22%Core capital (leverage) ratio
9.80%Tier 1 risk-based capital ratio
23.57%Total risk-based capital ratio
Memoranda
$25Average assets
$350,001Average earning assets
$36,579Average equity
$333,380Average loans
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